Five billion rupees allocates for subsidy on contruction houses
He was speaking at a ceremony during his visit to Naya Pakistan Housing Authority’s project Farash Town Apartments in Islamabad on Friday.
The Prime Minister said thirty-five billion rupees have been allocated for subsidy on construction of houses by the low income people.
He said the government will provide three hundred thousand rupees subsidy on every house for the first one hundred thousand units.
The Prime Minister said while one hundred thousand apartments are under construction, the process will now speedily move forward as the structure of the system has been finalized.
He said the construction industry has been incentivized in different ways including tax relief. He said One Window Operation has also been started to facilitate the construction sector.
Regarding Farash Town Apartments, the Prime Minister said of the total 4400 apartments, 2000 each have been allocated for low income people and middle income people and four hundred apartments will be provided to slum dwellers.